Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

VANCOUVER, British Columbia, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Sabre Gold Mines Corp. (TSX: SGLD, OTCQB: SGLDF) (“Sabre Gold” or the “Company”) has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 supporting the result of a Preliminary Economic Assessment (“PEA”) at its 100%-owned Brewery Creek gold project located in Yukon Territory, Canada. The summary results of the PEA were reported in the Company’s news release dated January 18, 2022, and there are no material differences in the report from those results.

PEA Highlights:

After-tax NPV at 5% of $112 million at an Internal Rate of Return (“IRR”) of 27.6% at $1,700 per ounce gold increasing to $157 million at an IRR of 35.7% at $1,900 per ounce gold;
After-tax average annual cash flow of $36 million at $1,700 per ounce gold increasing to $44 million at $1,900 per ounce gold
Average Annual Production of 60,000 ounces per year for a total 473,000 ounces gold over an initial 8 year mine life;
Total cash cost of $850 per ounce and all-in sustaining cost (“AISC”) US$966 per ounce gold;
Pre-production capital costs of $105 million with life of mine sustaining costs of $18 million;
Payback period of 2.6 years at $1,700 per ounce gold;
Excellent expansion potential to extend mine life and annual production with three open prospective resource areas and several targets within a 182 square kilometers project boundary; and,
Lower technical and execution risk as a past brownfields producer with existing infrastructure and road access from previous mining operation.

https://www.globenewswire.com/news-release/2022/01/28/2375205/0/en/Sabre-Gold-Files-Brewery-Creek-Preliminary-Economic-Assessment.html